Trying to build a Frankenbike

Short and to the point: is a left sided 105 stages power meter compatible with a sram red crankset?

Nope.

105 uses Shimano 24mm spindle, your red crank will use either GXP, which is 22mm splines or bb30/PF30 where the axle will be too wide at 30mm.

Appreciate the help!